Success of 10-year bond to lower borrowing costs for enterprises, SEV official says

The success of the 10-year Greek bond creates expectations for a slight improvement in financing conditions of the Greek economy and the lowering of borrowing costs for enterprises, Akis Skertsos, managing director in the Federation of Hellenic Enterprises (SEV) told ANA on Wednesday.

“The success of the 10-year issue bodes [well] for a slight improvement in the financing conditions of the Greek economy and is expected to contribute to similar successful corporate bond issues by banks and large enterprises, reducing over time the cost of bank financing in the Greek market,” Skertsos said, adding that: “The interest rate, however, remains at a high level, reflecting a high level of continuing uncertainty, which allows only a small decline in the cost of bank financing for enterprises”.

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